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BUSINESS SEGMENTS | 9 Months Ended
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Sep. 30, 2017
BUSINESS SEGMENTS | NOTE J — BUSINESS SEGMENTS The Company operates in three reportable business segments: U.S. Wholesale, International and Retail Direct. The U.S. Wholesale segment is the Company’s primary domestic business that designs, markets and distributes its products to retailers and distributors. The International segment consists of certain business operations conducted outside the U.S. The Retail Direct segment is where the Company markets and sells a limited selection of its products directly to consumers through its Pfaltzgraff, Mikasa, Fred and Friends, Built NY, Fitz and Floyd, Housewares Deals and Lifetime Sterling internet websites. The Company has segmented its operations to reflect the manner in which management reviews and evaluates the results of its operations. While the three segments distribute similar products, the segments are distinct due to the different methods the Company uses to sell, market and distribute the products. Management evaluates the performance of the U.S. Wholesale, International and Retail Direct segments based on net sales and income (loss) from operations. Such measures give recognition to specifically identifiable operating costs such as cost of sales, distribution expenses and selling, general and administrative expenses. Certain general and administrative expenses, such as senior executive salaries and benefits, stock compensation, director fees and accounting, legal and consulting fees, are not allocated to the specific segments and are reflected as unallocated corporate expenses.
|  | Three Months Ended September 30, |  |  | Nine Months Ended September 30, |
|  | 2017 |  |  | 2016 |  |  | 2017 |  |  | 2016 |
|  | (in thousands) |
Net sales |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. Wholesale |  | $ | 137,096 |  |  | $ | 139,607 |  |  | $ | 319,258 |  |  | $ | 314,613 |
International |  |  | 25,330 |  |  |  | 26,736 |  |  |  | 65,923 |  |  |  | 71,969 |
Retail Direct |  |  | 3,531 |  |  |  | 3,781 |  |  |  | 11,525 |  |  |  | 12,517 |
Total net sales |  | $ | 165,957 |  |  | $ | 170,124 |  |  | $ | 396,706 |  |  | $ | 399,099 |
Income (loss) from operations |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. Wholesale |  | $ | 14,798 |  |  | $ | 14,367 |  |  | $ | 20,745 |  |  | $ | 15,846 |
International |  |  | (1,573 | ) |  |  | 1,024 |  |  |  | (6,473 | ) |  |  | 1,037 |
Retail Direct |  |  | (259 | ) |  |  | (97 | ) |  |  | (420 | ) |  |  | (54 | )
Unallocated corporate expenses |  |  | (3,633 | ) |  |  | (4,512 | ) |  |  | (9,534 | ) |  |  | (11,550 | )
Income from operations |  | $ | 9,333 |  |  | $ | 10,782 |  |  | $ | 4,318 |  |  | $ | 5,279 |
Depreciation and amortization |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. Wholesale |  | $ | 3,010 |  |  | $ | 3,386 |  |  | $ | 7,613 |  |  | $ | 7,837 |
International |  |  | 1,048 |  |  |  | 1,264 |  |  |  | 3,013 |  |  |  | 3,804 |
Retail Direct |  |  | 5 |  |  |  | 32 |  |  |  | 71 |  |  |  | 103 |
Total depreciation and amortization |  | $ | 4,063 |  |  | $ | 4,682 |  |  | $ | 10,697 |  |  | $ | 11,744 |
|  | September 30, |  |  | December 31, |
|  | 2017 |  |  | 2016 |
|  | (in thousands) |
Assets |  |  |  |  |  |  |  |
U.S. Wholesale |  | $ | 332,117 |  |  | $ | 287,313 |
International |  |  | 106,295 |  |  |  | 95,698 |
Retail Direct |  |  | 458 |  |  |  | 501 |
Unallocated/ Corporate/ Other |  |  | 14,854 |  |  |  | 16,342 |
Total assets |  | $ | 453,724 |  |  | $ | 399,854 |

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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